Comfort Systems USA, Inc. $FIX Shares Purchased by Navellier & Associates Inc.

Navellier & Associates Inc. raised its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 2.8% during the second quarter, Holdings Channel.com reports. The institutional investor owned 20,358 shares of the construction company’s stock after buying an additional 556 shares during the period. Comfort Systems USA accounts for about 3.2% of Navellier & Associates Inc.’s portfolio, making the stock its 4th largest position. Navellier & Associates Inc.’s holdings in Comfort Systems USA were worth $40,349,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of FIX. Prudential PLC bought a new stake in Comfort Systems USA in the 4th quarter valued at $6,922,000. Ethic Inc. increased its position in Comfort Systems USA by 80.5% during the 4th quarter. Ethic Inc. now owns 1,677 shares of the construction company’s stock worth $1,565,000 after buying an additional 748 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of Comfort Systems USA by 230.4% during the fourth quarter. BNP Paribas Financial Markets now owns 57,199 shares of the construction company’s stock worth $53,383,000 after buying an additional 39,888 shares in the last quarter. Simplicity Wealth LLC acquired a new stake in shares of Comfort Systems USA during the second quarter worth $601,000. Finally, Swiss Life Asset Management Ltd boosted its position in shares of Comfort Systems USA by 713.1% in the fourth quarter. Swiss Life Asset Management Ltd now owns 13,278 shares of the construction company’s stock valued at $12,392,000 after acquiring an additional 11,645 shares during the period. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a research note on Friday, July 17th. Erste Group Bank cut shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Wednesday, July 15th. UBS Group set a $2,100.00 price objective on shares of Comfort Systems USA in a report on Thursday, August 20th. The Goldman Sachs Group began coverage on shares of Comfort Systems USA in a research report on Thursday, July 9th. They set a “buy” rating and a $2,159.00 target price on the stock. Finally, Oppenheimer assumed coverage on shares of Comfort Systems USA in a report on Thursday, May 28th. They set an “outperform” rating and a $2,200.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $2,082.86.

Comfort Systems USA Stock Down 6.0%

Shares of FIX opened at $1,518.08 on Friday. Comfort Systems USA, Inc. has a one year low of $670.19 and a one year high of $2,073.99. The company has a market cap of $53.42 billion, a P/E ratio of 37.34 and a beta of 1.69. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.21 and a quick ratio of 1.19. The firm has a 50 day simple moving average of $1,747.26 and a two-hundred day simple moving average of $1,669.40.

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share for the quarter, beating analysts’ consensus estimates of $10.45 by $2.08. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%.The firm had revenue of $3.27 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter last year, the business posted $6.53 EPS. The company’s revenue was up 50.3% compared to the same quarter last year. Research analysts forecast that Comfort Systems USA, Inc. will post 47.2 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Thursday, August 13th were given a $0.90 dividend. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.80. This represents a $3.60 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Thursday, August 13th. Comfort Systems USA’s dividend payout ratio (DPR) is presently 8.85%.

Insiders Place Their Bets

In other news, insider Brian E. Lane sold 16,024 shares of the firm’s stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $1,608.21, for a total value of $25,769,957.04. Following the sale, the insider directly owned 145,065 shares in the company, valued at approximately $233,294,983.65. This trade represents a 9.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Franklin Myers sold 6,700 shares of Comfort Systems USA stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $1,954.47, for a total transaction of $13,094,949.00. Following the sale, the director directly owned 62,115 shares in the company, valued at $121,401,904.05. This trade represents a 9.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 32,778 shares of company stock valued at $56,306,777. 1.24% of the stock is currently owned by corporate insiders.

About Comfort Systems USA

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.